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...“Eighty per cent of the consumption of hydrocarbons [oil and gas] by 2050 is going to be in the Global South. Today it is 40 per cent in the Global North and 60 per cent in the Global South....
...China relies on Iran for about a tenth of its oil imports but processes the oil not through its state-owned oil and gas companies but through smaller, private, refineries....
...Gas from Russia previously accounted for more than 40 per cent of the bloc’s supplies, but dropped to 15 per cent in 2023 despite an uptick in imports of liquefied natural gas imported from Russia by ship...
...China’s foreign ministry did not comment directly on the negotiations but said that natural gas is an important aspect of Sino-Russian energy co-operation....
...The west Siberian fields are not set up to deliver liquefied natural gas exports and only China has a pipeline in the region. For Europe, success simultaneously reflects strength and weakness....
...This did not mean Russian gas was sold cheaply; it was sold on a similar basis as all other gas. China provides an alternative model....
...Novatek had previously signed supply contracts with Zhejiang Energy Gas Group and Shenergy Group of China....
...Liquid natural gas prices rose 300 per cent, but they are now back down at pre-invasion levels. The S&P 500 fell 18 per cent in 2022 but recovered quickly in 2023....
...Qatar plans to further increase its liquefied natural gas (LNG) production capacity following the discovery of vast new gas reserves, as it looks to tap surging demand from China and other Asian nations....
...Steve Hill, head of liquefied natural gas trading at Shell, will depart the company after eight years....
...“There was a big shift against natural gas, of course, when the price was very high, and it was seen as unreliable....
...“A Chinese good is much harder to sanction in China than a Russian one supplied to China.”...
...groups said the White House freeze on liquefied natural gas permits had “significantly” lowered their expectations for production five years from now....
...Almost half of Mexico’s energy mix comes from natural gas, with about 70 per cent of that demand met by the US....
...Acer, the EU’s energy regulator, warned that the bloc still needed to import Russian liquefied natural gas to avoid an energy shock, even as Nordic and Baltic nations argued for an outright ban of purchases...
...Demand for natural gas globally will then peak after 2040, although appetite for LNG will continue growing as China and developing Asian nations switch from dirtier coal to the comparatively cleaner fuel...
...Natural gas prices plunge as US set for its warmest winter on record....
...The nation overtook Qatar to become the largest exporter of liquefied natural gas in the world last year....
...Worse, banks have cut specialised loans to oil and gas companies as a direct result of the tax....
...The US’s largest exporter of liquefied natural gas has defended its industry from criticism by climate change campaigners, saying it was vital for keeping the lights on in Europe....
...The chief executive of Ithaca Energy has quit the North Sea oil and gas producer, exiting as the group tries to rebound from a lacklustre first year as a public company....
...“Very few Americans are eager to have their country fracked in order to sell cheap gas to China.”...
...Neptune produces oil and gas from fields in seven other countries, including Norway, Germany, Algeria, the Netherlands and Indonesia....
...Charif Souki, a pioneer of the US liquefied natural gas industry, will receive a payout of more than $8mn after being ousted from project developer Tellurian as the company struggles to get a costly gas...
...China, the world’s largest emitter of the gas, pledged last year to track and reduce emissions from methane but remains outside the pact, as do Russia and India, also among the world’s top emitters....
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